Diamond Multiple definition
Diamond Multiple means either (i) in the case of a Sale of Diamond, the implied enterprise value multiple used to determine Sale Valuation in a Sale of Diamond or (ii) in the case of an IPO, the quotient of the IPO Valuation divided by the Diamond IPO EBITDA; provided that the Diamond Multiple shall not be less than 6.5.
Examples of Diamond Multiple in a sentence
Purchaser shall provide Owner with weekly updates regarding the progress of the IPO, which updates shall be in writing (including electronic mail), and shall include information regarding feasibility, estimated timing, and calculation of the Diamond Multiple.
Not less than 2 Business Days prior to the Closing Date, Purchaser shall deliver to Owner a schedule setting forth the IPO Valuation, determined in accordance with Annex A, or the Sale Valuation, as applicable, and the Diamond Multiple.